Moody’s gives Endesa Baa2, positive view

Moody’s Investors Service said it assigned a Baa2 long-term issuer rating to Endesa SA with a positive outlook.

“The Baa2 rating assigned to Endesa is in line with the rating of its majority owner, Enel SpA, which holds 70% of its share capital. This alignment reflects that Endesa benefits from its strategic importance to Enel and integral position within the group but also Enel’s influence over the subsidiary’s capital structure and financial policy,” Moody’s said in a press release.

The positive rating outlook also follows Enel’s, which in turn reflects Enel’s progress in delivering against its strategic priorities, Moody’s said.

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